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Smart LED Bulbs Global Market Report 2022 – By Technology (Wired Technology, Wireless Technology), By Application (Indoor Lighting, Outdoor Lighting), By Installation Type (New Installation, Retrofit) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : October 2022 | SKU CODE : 7506 | Delivery Time: 2-3 business days | Format :


The smart LED bulbs market consists of sales of smart LED bulbs and related services that are used in indoor and outdoor lighting. The smart LED bulb establishments are primarily engaged in manufacturing smart LED bulbs and required accessories. A smart bulb is an internet-enabled LED light bulb that allows the lighting to be personalized, programmed, and regulated.

The technologies used in smart LED bulbs are wired technology and wireless technology. Wired technology smart LED bulbs are connected through wires. It is applied in both indoor lighting, and outdoor lighting and installed as a new installation and retrofit.

The smart LED bulbs market research report is one of a series of new reports from The Business Research Company that provides smart LED bulbs market statistics, including smart LED bulbs industry global market size, regional shares, competitors with a smart LED bulbs market share, detailed smart LED bulbs market segments, market trends and opportunities, and any further data you may need to thrive in the smart LED bulbs industry. This smart LED bulb market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The global smart led bulbs market grew from $8.89 billion in 2021 to $11.08 billion in 2022 at a compound annual growth rate (CAGR) of 24.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The smart LED bulbs market is expected to grow to $25.06 billion in 2026 at a CAGR of 22.6%.

The development of smart cities is a key factor driving the growth of the smart LED bulb market. The lighting of smart cities will play a major role in future growth and the future of street lighting systems in smart cities will be LED lighting networks. With the rise of smart cities, the lighting controls industry will be driven as countries will witness a revolution in the areas of light management. For instance, in 2019, the Indian government is committed to creating 100 smart cities, and as part of the US$ 14 billion plan, 99 cities have already been announced. Therefore, the development of smart cities is expected to drive the smart LED bulb market.

The higher cost of installation of smart LED bulbs is a key factor hampering the growth of the smart LED bulbs market. The initial cost of integrating or replacing the lighting system in industrial installations is high, especially for small and medium-sized industries. Popular brands of smart LED bulbs such as Philips Hue and LIFX can at times charge as much as $60 per bulb, depending on factors such as form, size, and whether they can produce different colors or simply varying shades of white. Therefore, the higher cost of installation is expected to limit the growth of the smart LED bulbs market.

The Wi-Fi-enabled LED bulbs are a key trend in the smart LED bulbs market. Wi-Fi-enabled LED bulbs connect to the home router and therefore, do not need a network that cuts down on clutter and problems. Wi-Fi-capable lights can be operated easily through the brand-connected application. They can also be used with smart assistants, like Alexa and Google, to monitor the lights. Lifx is one of the upcoming players for Wi-Fi LED lights, the brand is widely seen as Philips' top competitor, leading the way in new, intelligent lighting. Although Lifx lights are more expensive than the products of Philips, they burn brighter, last longer, and give off infrared light in the dark, making them suitable for outdoor and porch fixtures near security cameras.

In October 2019, Signify, the world leader in connected LED lighting systems, software, and services, acquired Eaton Corporation for $1.4 billion in cash. Through this acquisition, Signify estimates that the Cooper deal will increase its revenues from the Professional sales sector from 42% to 53% of total sales. Increasing that sector revenue share will presumably rise the margins significantly. Eaton Corporation, an Ireland-based company, provides energy-efficient solutions that help customers effectively manage electrical, hydraulic, and mechanical power more efficiently, safely, and sustainably.

Major players in the smart LED bulbs market are Legrand S.A., Acuity Brands Inc. , Eaton Corporation, General Electric Company, OSRAM Licht, Honeywell International Inc., Hubbell Incorporated, Koninklijke Philips N.V., Cree Inc., and Lutron Electronics.

Asia Pacific was the largest region in the smart LED bulbs market in 2021. Western Europe was the second-largest region in the smart LED bulbs market. The regions covered in  the smart LED bulbs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the smart LED bulbs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The global smart LED bulbs market is segmented -

1) By Technology: Wired Technology, Wireless Technology

2) By Application: Indoor Lighting, Outdoor Lighting

3) By Installation Type: New Installation, Retrofit

    Table Of Contents

    1. Executive Summary

    2. Smart LED Bulbs Market Characteristics

    3. Smart LED Bulbs Market Trends And Strategies

    4. Smart LED Bulbs Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Smart LED Bulbs Market

    4.2 Ukraine-Russia War Impact On Smart LED Bulbs Market

    4.3 Impact Of High Inflation On Smart LED Bulbs Market

    5. Smart LED Bulbs Market Size And Growth

    5.1. Global Smart LED Bulbs Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Smart LED Bulbs Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Smart LED Bulbs Market Segmentation

    6.1. Global Smart LED Bulbs Market, Segmentation  By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Wired Technology

    Wireless Technology

    6.2. Global Smart LED Bulbs Market, Segmentation  By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Indoor Lighting

    Outdoor Lighting

    6.3. Global Smart LED Bulbs Market, Segmentation  By Installation Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    New Installation

    Retrofit

    7. Smart LED Bulbs Market Regional And Country Analysis

    7.1. Global Smart LED Bulbs Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Smart LED Bulbs Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Smart LED Bulbs Market  

    8.1. Asia-Pacific Smart LED Bulbs Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Smart LED Bulbs Market  

    9.1. China Smart LED Bulbs Market Overview  

    9.2. China Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Smart LED Bulbs Market  

    10.1. India Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Smart LED Bulbs Market  

    11.1. Japan Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Smart LED Bulbs Market  

    12.1. Australia Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Smart LED Bulbs Market  

    13.1. Indonesia Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Smart LED Bulbs Market  

    14.1. South Korea Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Smart LED Bulbs Market  

    15.1. Western Europe Smart LED Bulbs Market Overview

    15.2. Western Europe Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Smart LED Bulbs Market  

    16.1. UK Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Smart LED Bulbs Market  

    17.1. Germany Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Smart LED Bulbs Market  

    18.3. France Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Smart LED Bulbs Market  

    19.1. Eastern Europe Smart LED Bulbs Market Overview

    19.2. Eastern Europe Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Smart LED Bulbs Market  

    20.1. Russia Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Smart LED Bulbs Market  

    21.1. North America Smart LED Bulbs Market Overview

    21.2. North America Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Smart LED Bulbs Market  

    22.1. USA Smart LED Bulbs Market Overview

    22.2. USA Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Smart LED Bulbs Market  

    23.1. South America Smart LED Bulbs Market Overview

    23.2. South America Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Smart LED Bulbs Market  

    24.1. Brazil Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Smart LED Bulbs Market  

    25.1. Middle East Smart LED Bulbs Market Overview

    25.2. Middle East Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Smart LED Bulbs Market  

    26.1. Africa Smart LED Bulbs Market Overview

    26.2. Africa Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Smart LED Bulbs Market Competitive Landscape And Company Profiles

    27.1. Smart LED Bulbs Market Competitive Landscape

    27.2. Smart LED Bulbs Market Company Profiles

    27.2.1. Legrand S.A.

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Acuity Brands, Inc.  

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Eaton Corporation

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. General Electric Company

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. OSRAM Licht

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Smart LED Bulbs Market

    29. Smart LED Bulbs Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Smart LED Bulbs Market, Segmentation  By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Smart LED Bulbs Market, Segmentation  By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Smart LED Bulbs Market, Segmentation  By Installation Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Smart LED Bulbs Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Smart LED Bulbs Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: China, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: India, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: Japan, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: Australia, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: Indonesia, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: South Korea, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Western Europe, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: UK, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Germany, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: France, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Eastern Europe, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Russia, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: North America, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: USA, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: South America, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Brazil, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: Middle East, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Africa, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Legrand S.A. Financial Performance
  • Table 28: Acuity Brands, Inc.  Financial Performance
  • Table 29: Eaton Corporation Financial Performance
  • Table 30: General Electric Company Financial Performance
  • Table 31: OSRAM Licht Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Figure 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Figure 3: Global Smart LED Bulbs Market, Segmentation  By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 4: Global Smart LED Bulbs Market, Segmentation  By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 5: Global Smart LED Bulbs Market, Segmentation  By Installation Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 6: Global Smart LED Bulbs Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 7: Global Smart LED Bulbs Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 8: Asia-Pacific, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 9: China, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 10: India, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 11: Japan, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 12: Australia, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 13: Indonesia, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 14: South Korea, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 15: Western Europe, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 16: UK, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 17: Germany, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 18: France, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 19: Eastern Europe, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 20: Russia, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 21: North America, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 22: USA, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 23: South America, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 24: Brazil, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 25: Middle East, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 26: Africa, Smart LED Bulbs Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 27: Legrand S.A. Financial Performance
  • Figure 28: Acuity Brands, Inc.  Financial Performance
  • Figure 29: Eaton Corporation Financial Performance
  • Figure 30: General Electric Company Financial Performance
  • Figure 31: OSRAM Licht Financial Performance
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